Possible Reversal for USD/JPY ???
Hello Folks,
The Dollar-Yen pair has been rallying quite strongly since the last couple of months due to tension between Russia and Ukraine & now with the Interest rates cranked up to 75 basis points, the Dollar would gather more strength for the Bulls.
But with Technical Analysis, we can see that 3 peaks or 5 waves have been completed and there can a strong possibility for at least a retracement (a-b-c formation) or even a reversal.
Keep an eye on the pair and trade wisely. Make sure you risk appropriately.
Cheers..!!!
The Dollar-Yen pair has been rallying quite strongly since the last couple of months due to tension between Russia and Ukraine & now with the Interest rates cranked up to 75 basis points, the Dollar would gather more strength for the Bulls.
But with Technical Analysis, we can see that 3 peaks or 5 waves have been completed and there can a strong possibility for at least a retracement (a-b-c formation) or even a reversal.
Keep an eye on the pair and trade wisely. Make sure you risk appropriately.
Cheers..!!!
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